Kampala, Uganda | THE INDEPENDENT | The Trade Committee of Parliament has stopped the payment of a stimulus package of 3 billion Shillings to Serena Hotel by Uganda Development Corporation (UDC). Kampala Serena Hotel is owned by a consortium that includes Tourism Promotion Services (TPS), a division of the Aga Khan …
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New York, US | XINHUA | U.S. stocks posted modest gains in the week, as investors digested a slew of newly-released economic data while grappling with the uncertain fate of the further coronavirus stimulus in the country. For the week ending Friday, the Dow gained 1.8 percent, the S&P 500 …
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Brussels, Belgium | AFP | European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe and urged sceptical member states to back it. The global coronavirus outbreak has already thrust the EU into its deepest ever recession, and Von der Leyen’s proposal would help …
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Kampala, Uganda | THE INDEPENDENT | Private universities are requesting the government to avail them with a fiscal stimulus to enable them re-open their gates to final year students. Early this week, President Yoweri Museveni relaxed on the lockdown guidelines allowing educational institutions to resume in a phased manner starting …
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Kampala, Uganda | Godfrey Ssali | A section of MPs have advised President Museveni to cushion the economy against the effects of Covid-19 with a stimulus. The Stimulus, MPs led by Kampala Central’s Muhammad Nsereko said, includes the stay of all loan repayments, lowering of the Central Bank lending rate, as well …
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